$ETH just squeezed $19.726K in short positions at $2,518.34, showing that bearish traders were caught as price pushed higher. The liquidation volume is strong and signals a sharp shift in short-term momentum. Forced exits from sellers can add extra buying pressure, making the move even faster. Now traders will watch whether ETH can hold above $2,518.34 and keep bulls in control. If buyers stay active, more shorts could get trapped. A quick rejection, however, could cool the momentum fast.
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